---
title: Cybersecurity Spending Increases by 20%
description: Cyber security spending has increased by 20 percent in the last year. Information and statistics on specific countries.
---

[SecureWorld News ](https://www.secureworld.io/industry-news)

# [Cybersecurity Spending Increases by 20%](https://www.secureworld.io/industry-news/cyber-security-spending-2019)

 Written by [SecureWorld News Team](https://www.secureworld.io/industry-news/author/secureworld-news-team) | Wed | Jun 5, 2019 | 11:17 AM Z

Where cybersecurity is concerned, organizations are putting their money where their mouth is this year.

According to Hiscox’s 2019 Cyber Readiness report, cybersecurity spending has increased to $7.9 billion across over 5,400 organizations.

[Related: [CrowdStrike record cybersecurity valuation on IPO day](https://www.secureworld.io/industry-news/crowdstrike-ipo-record)] 

That number is significantly higher than last year, and according to *Reinsurance News*, the breakdown by country is also interesting:

After adjusting for the increased size of the study group in this year’s report, the total spend represents a rise of just under 20% on the equivalent 2018 figure, with spending heavily weighted to the biggest firms.

72% of US firms plan to increase their security spending – the highest proportion amongst the seven countries – whilst two-thirds of respondents say they plan to increase their spending on cyber by 5% or more in the year ahead.

[View full post](https://www.secureworld.io/industry-news/cyber-security-spending-2019)

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